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The 2015 edition of The Legal 500 US recognizes 24 Dentons practices and 75 lawyers, recommending six new Dentons groups, including the Firm's Government Relations, Energy, Environmental, Commercial Litigation and International Tax practices.

Dentons congratulates Dave Hancock, Q.C. who received an honorary doctor of laws from the University of Alberta in recognition of his service to the Province of Alberta. As Alberta’s 15th premier, Dave devoted the last 17 years in public service in several key ministerial portfolios, as well as serving as Government House Leader for 16 years.

Dentons Poland Startup Program is targeted at young Polish entrepreneurs in the new technologies sector. The uniqueness of the program is demonstrated by the way it operates, in that the participants are offered support individually tailored to their requirements and capabilities, while at the same time having access to the resources of a major global law firm.

Dentons announced that Jenifer Healy joined its Public Policy and Regulation practice as a senior managing director. Healy has focused her robust Capitol Hill experience on national and global health care initiatives, most recently serving as Health Counsel to Senator Bob Corker.

On June 4, 2015, the Ukrainian parliament adopted Draft Law on Introduction of Changes to Certain Laws of Ukraine with respect to Securing Competitive Conditions for Production of Electricity from Alternative Energy Sources, No. 2010-d of 19.05.2015.

Interested in a world of opportunity? Then we invite you to consider beginning your career with Dentons, one of the largest law firms in the world with over 80 locations in 50-plus countries and with 3,000 lawyers and professionals with whom you might be working on any given day.

Dentons is pleased to announce that David Allgood is joining our Firm as Counsel. Based in our Toronto office, David will be working closely with our clients and internal teams across Canada and around the world.

One consequence of this move was that loans granted by local banks to local customers in foreign currency became more expensive, because the Azerbaijani Manat was weakened by 25 percent. This raised a question of whether foreign currency denominated loans between Azerbaijani residents were even constitutional.

The use of compulsory powers by acquiring authorities to secure regeneration of their towns and cities is on the increase, and for those whose interests are subject to CPO there is almost a tacit acceptance that for sensible proposals the confirmation of a CPO is an inevitability, met equally sometimes with an arrogance by the promoting authority and developer that that will be the case.

Restructuring, Insolvency and Bankruptcy

When bankruptcy, restructuring, or insolvency appears and financial distress threatens a business, all parties desire a rapid resolution. Whether the challenge appears at headquarters or in a foreign jurisdiction, today’s global marketplace presents the decision-maker with a complex web of possible outcomes and legal strategies. Protecting your interests can be a daunting task when faced with conflicting economic interests, emotions and sometimes multiple legal systems and cultural norms. And it has never been more critical to be adroitly advised and flexibly responsive when considering which jurisdictions, laws and industry practices will result in the most ideal outcome.

Whether you’re managing a real estate portfolio, a distressed manufacturer or health care service provider; purchasing a weakened retail operation or struggling transportation business; or simply a trader of heavily discounted sovereign and institutional debt and other securities, you can rely on us to take the edge off your anxiety. Dentons’ lawyers in offices around the world possess a deep understanding of your markets, wherever you trade and invest.

We grasp the complexities of your industry, whether natural resources or technology-based; dependent upon the value of real estate or branded retail goods; manufacturing, transportation or service dependent; or a regulated monopoly. Side by side, we navigate intricate legal challenges and discover the best possible opportunities. Whether you need creative litigation or arbitration strategies, innovative negotiating tactics born from real-world experience or practical guidance in cross-border restructuring, we deliver the latest insights and known solutions so you can act with speed and confidence.

With a passion for identifying effective advocacy and representation, we become a dynamic force on your side. Together, we discover the best course of action in a high-stakes situation.

Experience

AVEOS Fleet Performance: Advising in connection with its Companies' Creditors Arrangement Act proceedings. Founded as Air Canada Technical Services (ACTS), AVEOS was one of the largest airline maintenance, repair and overhaul providers in the Americas.

Catalyst Paper Corporation: Advising the Ad Hoc Group of First Lien Lenders of Catalyst Paper Corporation and certain of its subsidiaries in their Companies’ Creditors Arrangement Act/Chapter 15 proceedings.

Official Committee of Retirees for the City of Detroit: Represented the Official Committee of Retirees in the largest Chapter 9 bankruptcy case in US history. The Committee represented the interests of approximately 23,500 public safety and general City retirees, as well as the interests of approximately 9,000 dependents, who were owed approximately US$9 billion in pension and retirement health care benefits. With the assistance of Dentons, almost all pension benefits were protected and health care benefits payments continued. This representation was honored by The M&A Advisor with the 2014 Restructuring of the Year Award.

Energia Overseas: Representing a Russian reorganization sponsor and Chapter 11 debtor-in-possession funder for Sea Launch that resulted in Sea Launch shedding over US$2 billion in debt and migrating with regulatory approvals in several steps from Delaware to Switzerland.

Federal-Mogul: Representing the Official Creditors’ Committee in these US Chapter 11 cases. Federal-Mogul is one of the largest auto parts and systems manufacturers and distributors in the world, with operations throughout the US and Europe. A total of 157 companies filed for Chapter 11, and 134 of those companies also commenced insolvency proceedings in the UK with more than US$2 billion in debt. Our skill was called upon in restructuring the company’s business operations and deleveraging its balance sheet. Throughout these proceedings, we successfully represented the Federal-Mogul committee in negotiations with and actions against the debtors, the asbestos claimants, the pre-petition secured lenders and the UK administrators in the UK insolvency proceedings. We successfully sought and won the termination of the debtors’ exclusive period to file a plan of reorganization in the US, which allowed the Creditors’ Committee to propose its own plan of reorganization based on the settlements reached with the other creditor constituencies. The UK counsel from one of our predecessor firms represented the UK administrator in the administration.

Great Basin Gold: Advising an ad hoc group of bond holders in connection with Great Basin Gold’s CCAA, Chapter 11 and South African Business Rescue proceedings.

Lehman Bankhaus German (affiliate of Lehman Brothers Holdings, Inc.): Representing in its complex claims against, and transactions with, other Lehman entities. We also represent numerous other clients in a wide variety of matters worldwide arising out of the Lehman collapse, including hedge funds and other financial institutions in connection with the administration of the English Lehman companies. This is especially true in relation to prime brokerage issues and International Swaps and Derivatives Association close-out positions.

Medican Holding Ltd.: Advising in their proceedings under the Companies’ Creditors Arrangement Act. This matter involved the restructuring of a number of operating entities and real estate development projects through the innovative use of project-related debtor-in-possession facilities and a chief restructuring officer CRO to supplement management.

Nortel Networks: Serving as Canadian counsel for the Official Committee of Unsecured Creditors and certain of its direct and indirect subsidiaries in the cross-border CCAA/Chapter 11 proceedings.

Northstar Aerospace (USA), Inc: Serving as debtors’ counsel in the Chapter 11 case of Northstar Aerospace (USA), Inc. and its affiliates, which filed for bankruptcy in Delaware. The matter resulted in a going concern sale of both the US and Canadian assets for approximately US$120 million of cash and assumed liabilities.

Omnium Group: Representing following the merger of some activities with parts of the Laurad group. Dentons partners successfully objected to conciliation proceedings, and advised on a favorable settlement agreement allowing Omnium to recover its financial independence and continue its business.

Perella Weinberg: Representing as majority holder of €495 million F.C.T. Windermere XII bonds issued by Hold in respect of La Tour Cœur Défense, in connection with the debt restructuring, the court imposed safeguard proceedings, and seeking the sale of Cœur Défense.

PricewaterhouseCoopers: Advising on the administration of two of the UK subsidiaries of Petroplus, which owns and operates a refinery at Coryton and a storage facility at Teeside. The refinery employs about 500 staff and 350 contractors, supplying approximately 20 percent of the fuel for London and the surrounding region.

European private distressed debt investor: Representing in connection with program purchase of manufacturing company obligations.

Solarwatt AG: Representing in the first petition for protective shield proceedings as a debtor-in-possession following the recent German reform of insolvency law (ESUG). Under ESUG, the reorganization obtained court approval in three months.

Insights

In an interesting decision with important implications for both Chapter 15 practice and financial institutions’ global credit risk analyses, a US Chapter 15 court (the “Court”) granted recognition to a number of Brazilian proceedings involving entities within the OAS Group. Read more

Following our article1 on the European Banking Authority's (EBA) consultation paper on the contractual recognition of bail-in, and industry responses to it, EBA has published the Final Draft Regulatory Technical Standards (RTS)2Read more

On 20 May 2015 the recast EC Regulation on Insolvency Proceedings (2015/848) (Recast Regulation) was adopted and will apply to insolvency proceedings opened after 26 June 2017 in Member States (other than Denmark). Read more

News and Events

Recent Press Releases

Dentons Kyiv has been ranked a leading law firm in five categories in the latest edition of Ukrainian Law Firms 2015: A Handbook for Foreign Clients (“ULF”). The five practices that were named among the top five in Ukraine were: Agribusiness, Corporate/M&A, Energy and Natural Resources, Labor and Employment and Restructuring and Insolvency. Read more

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